| From Guardian: The competition for most alarmist oil forecast has an early front-runner – $220 (£136) a barrel if both Libya and Algeria were to halt production, say analysts at Nomura. Anything is possible, of course, and any almost any guess is plausible if Saudi Arabian production (12% of global production) were threatened.
But Julian Jessop at Capital Economics makes the valid point that it makes sense to look at the impact of high oil prices on economies on a case-by-case basis...............................................Full Article: Source
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